Digital Money = Cashless Society

[cloudproject]

well but not all of the people across the world can feeling the same way because not all of they country are giving much infrastrtucture for doing cashless society, but i think that was a good for the economic with very fast transaction

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[First77]

"Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way,"

[Erganadine2728]

Maybe someday you can become a substitute for bitcoin paper bills, because of the simpel and not bother to carry it and the storage is very safe.

[bungsoh]

Crypto and paper money (Local Currency) must be equally present unless all residents of a country have fully understood digital technology. Crypto will not break the fiat. Crypto comes to simplify and speed up transactions. Not to be an enemy.

[peter_coin]

Digital money a.k.a Bitcoin and other cryptocurrency would certainly help the financial industry to grow, the idea of cashless policy is very ideal for security reasons, when citizens don't move with cash, it makes funds transferred fast via Bitcoin and secure.

[roomboy85]

I think in my country it would be hard for some people to use a digital money mostly for those old people who don't know how to use it and they still choose to use a fiat. But for me a new generation of my country, I prefer to use a digital money for the fast transaction for payment and security of my self and money to the bad people.

[reinielle26]

According to PayPal Asia research report, my country is well on its way to be a cashless nation. 25% of its consumers were surveyed and points out that traditional (physical credit card, bank transfer / internet banking, cheque etc.) and new payment methods are now their primary options. As a matter of fact, one third of consumer respondents in the country have already started cashless-transactions. For them,digital money is convenient to use and it has lower transaction fees. And I think so too, you can easily send money through it. That is the reason why people prefers and adopts digital money.
http://adobomagazine.com/philippine-news/philippines-must-adopt-digital-payments-fully-realize-its-cashless-journey-paypal

[First77]

70% to 80% less cash in the world economy will also be very good.

[Camorra Dev]

Cash money is already an old and used system of payment,  because it is non secure in case of stealing, it is not that durable physically, in all the terms, digital money is better.

[glider101]

There will always be cash and no such thing as a cashless society. 
Its just too old fashioned and people and businesses are too used to paper to force them to use digital money.

[sushizhe]

The cashless society has emerged in the first place in some countries that are tightly regulated by the financial system. This is a very ironic thing. but in countries such as Japan and Switzerland that have a very developed financial industry do not have a cashless society.

[redsun114]

I think digital money is just as an alternative to payment, fiat will never disappear in society

There are possibility that fiat money maybe obsolete because the technology keep on advancing and people most daily activities payment were done using the post terminal payment, card and TT.

Technology makes us able to pay any where in the world within seconds and especially the Bitcoin technology. For transaction it is not difficult to use your wallet, this time Bitcoin is responsive source which is helping us in easy and fast transaction.

Once the people get knowledge about the technology then we do not need cash. If a person is not aware of the use of the technology so it is not difficult to learn about its use because it is in our benefit and we are to learn about it.

[toolucky98]

i live in Indonesia, and still using cash al the time, but lately the government try to make this country cashless, i can see it from how i pay the highway i use the electronic card, well cashless system still growing in my country and i hope that this system can grow optimally in my country to make everything in payment more simple, easy and safe

[drm]

I think digital money is just as an alternative to payment, fiat will never disappear in society

There are possibility that fiat money maybe obsolete because the technology keep on advancing and people most daily activities payment were done using the post terminal payment, card and TT.

Technology makes us able to pay any where in the world within seconds and especially the Bitcoin technology. For transaction it is not difficult to use your wallet, this time Bitcoin is responsive source which is helping us in easy and fast transaction.

Once the people get knowledge about the technology then we do not need cash. If a person is not aware of the use of the technology so it is not difficult to learn about its use because it is in our benefit and we are to learn about it.

Why would you want a cashless society?
I enjoy my privacy and don't need to have all my transactions and everything I buy or sell recorded on a blockchain.
A cashless society would be a wet dream for some governments, eliminates all financial privacy in an instance.

[Niya]

Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits"

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

Bitcoin is a part of digital money. How is digital money is your country ??

I am a strong Bitcoin's advocate, but I also believe using cash money is the only way to spend and receive money without being traced. So it would not be a good thing if cash will disappear.

[First77]

I am a strong Bitcoin's advocate, but I also believe using cash money is the only way to spend and receive money without being traced. So it would not be a good thing if cash will disappear.

I read that shops/stores sell Bitcoin immediately after they get the payment because of fear of price change.

[Rage]

People in here who are always trying to create and be part of a cashless society are the first ones who are always losing money. IT IS NOT going to happen in less than 10 years people!

[Jamescur]

The cryptocurrency has no mobile payment speed in price fluctuations, transaction costs and transfer time! This is the main reason why cryptocurrency payments are not popular in China!
China's cashless society uses mobile payments, which are mainly done by Alipay and WeChat payment! They don't use credit cards and digital cryptocurrencies！

[automaticmoney]

many countries are trying to attain cashless society in the form of digital of their fiat currencies but cryptocurrencies play vital role in such move and blockchain is very essential

[xxlouisxx]

I guess that country really evolve in short period of time when it comes to currency, maybe mosy of the people their was middle class up to higher class in which they are all capable to acqyire cashless society. The bulk of the population lives in the countryside, away from civilization, where the car will always travel along local roads. Tell them about the advantages of debit and credit cards